What does that even mean? It makes no sense at all. 2. Validation Completed
Testing of a prototype. The long and very expensive road to production has barely begun.
3. 2 Dozen (24) Early Access Partnerships that improve BRNs tech and Increase BRNS revenue in the near future!
Based on past history they are probably microcaps and obscure universities. It will cost BRN about $1 million per partner to provide the (free) processors.
4. Manufacturing set to commence soon
Possibly another 12-24 months until mass production.
5. They were able to get their finances in order by getting a Put option agreement for 29million AUD (the put options benefit both parties LDA could has easily gained more than 100% of its initial contribution but BRN would be able to commercialise and then use those profits to increase orders and meet demand!
It was an absolutely terrible deal. BRN basically gave away tens of millions of dollars by having an option strike price far below current value. LDA can also day trade as many borrowed shares as they want.
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